Financial Life Advisors Boosts Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Financial Life Advisors lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,201 shares of the company’s stock after purchasing an additional 929 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises approximately 1.6% of Financial Life Advisors’ investment portfolio, making the stock its 18th biggest position. Financial Life Advisors’ holdings in Vanguard Tax-Exempt Bond ETF were worth $4,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rede Wealth LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 3.0% in the 4th quarter. Rede Wealth LLC now owns 48,853 shares of the company’s stock valued at $2,449,000 after purchasing an additional 1,444 shares during the last quarter. Quotient Wealth Partners LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 8.1% in the fourth quarter. Quotient Wealth Partners LLC now owns 405,061 shares of the company’s stock valued at $20,306,000 after buying an additional 30,337 shares in the last quarter. RFP Financial Group LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 166.6% in the fourth quarter. RFP Financial Group LLC now owns 31,563 shares of the company’s stock valued at $1,582,000 after buying an additional 19,722 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 44.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 106,028 shares of the company’s stock valued at $5,315,000 after buying an additional 32,660 shares during the period. Finally, Tenon Financial LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 4.1% during the 4th quarter. Tenon Financial LLC now owns 17,646 shares of the company’s stock worth $886,000 after acquiring an additional 687 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.1 %

NYSEARCA VTEB opened at $50.23 on Friday. The stock has a 50-day moving average of $50.23 and a two-hundred day moving average of $50.53. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued a $0.1317 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

Vanguard Tax-Exempt Bond ETF Company Profile

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.